1. Economic Issues
... Curve is a diagram that can be used to show the extent of income inequality. The curve is simply a graphic portrayal of the pattern of income distribution at any time. The line of absolute equality shows the position of the lorenz curve assuming all persons received the same level of income. If income distribution were perfectly unequal one individual would receive all ... the income and the remaining would receive nothing. In this case income distribution is represented by OXY. The greater the area between the Lorenz curve and the line of Absolute Equality, the greater would be the deg...
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